Australia has the highest household debt to disposable income ratio in the world, even higher than the United States1.

Over the past decade income growth has failed to keep up with property prices, with rapid growth over the past few years driven particularly by government incentives to first-home buyers.

From a business perspective, Australia was a great place to be during 2010. Thanks in part to continued growth in China, our economy stayed strong.

Because of this, unemployment hovered near record lows. And although thanks to the cautiousness of the Reserve Bank, interest rates rose, they’re not yet at the level likely to cause large scale mortgage stress for households.

Why would I use a Mortgage Broker?
Because they can save you time and money.

As the Home Loan market becomes increasingly complex, more people are turning to Mortgage Brokers. Here are some of the reasons.

It takes time, effort and money to look after a property.

Its possible to manage a rental property yourself, and in so doing save a management fee thats usually around 5 per cent of the rent. But it can be time-consuming and it’s hard to remain emotionally detached when you have tenants ringing up complaining about every little thing, or you personally have to deal with damage to your property.